As you probably know a great white shark has been recently detected near Halifax — the second great white spotted in Nova Scotia in a month — prompting at least some people to stay out of the water.
Hilton, as the shark is known, has been travelling north along the southern coast of Nova Scotia for a week and a half, according to research group Ocearch.
Skurfing cancelled until further notice
As was reported in the local media, Rebecca South of Mahone Bay said she and some friends cancelled their usual Wednesday habit of skurfing — riding a surfboard towed behind a speedboat — because it would take them to an open-sea area in which Hilton has roamed.
In our opinion, BBD is trading ~30% of its ownership interest in the CSeries for the strategic benefits of partnering with Airbus and safeguarding the CSeries’ sales potential in the U.S.. This deal should help to further de-risk this aircraft program as it transforms a significant competitor into a partner. We estimate that the potential lost value in terms of reduced stake is in the range of $600M-$900M which can be easily eclipsed by the value creation which Airbus brings to the table. Furthermore, with the CSeries program on shaky ground, there is very little (if any) value being ascribed to this program in the shares today so we expect that the shares should react positively to this news. Almost all of the value in BBD emanates from business jets & transportation and this deal should help to focus more attention on both those segments.